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Government To Investigate Government Over Jobs Manipulation Report

Tyler Durden's picture





 

As a result of yesterday's report that Census was caught manipulating the September 2012 jobs report, the BLS provided the following response via CNBC:

"the incident has been reported to the Commerce Dept Inspector General Office for investigation. We no further (sic) comment."

In other words, one part of the government - the Commerce Department - will investigate another part of the government - the BLS. We can only assume the NSA will certify the findings of the Commerce Department?

Rinse. Repeat.

And now on to the November nonfarm payrolls "report" which forms the basis for the Fed's "(manipulated) data dependent" $85 billion monthly liquidity injection into stock markets.

 


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Tue, 11/19/2013 - 10:25 | Link to Comment fonzannoon
fonzannoon's picture

I am sick of hearing about this jobs report being faked. I admit I was slightly upset when I read about it last night. But that hard charging conservative Joe Kernan told me this am that the fact the the unemployment rate continued to fall after that report proves that that report was in fact genuine, and he is a no bullshit kind of guy. He would have called a spade a spade. Sometimes before they go to commercial they play quick sound bytes of him saying witty and slightly off color things, and that proves to me he is a no bullshit kind of guy.

Shame on you ZH for continuing to run with this.

Tue, 11/19/2013 - 10:31 | Link to Comment King_of_simpletons
King_of_simpletons's picture

...............and the sheep go their merry way.

Tue, 11/19/2013 - 10:39 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

How about an investigation into Diebold machines? We know the employment numbers are all frauds.

Tue, 11/19/2013 - 10:54 | Link to Comment Oldwood
Oldwood's picture

You can't expect them to come down too hard on their own for simply being a bit too enthusiastic! I'm sure he is in line for a promotion to a position with possibly less visibility and a higher degree of effectiveness.

Tue, 11/19/2013 - 10:59 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

I'm sure they just don't want to be accused of racial profiling.

Tue, 11/19/2013 - 12:37 | Link to Comment Sofa King Confused
Sofa King Confused's picture

Tuesday morning humor.

Tue, 11/19/2013 - 14:05 | Link to Comment TeamDepends
TeamDepends's picture

"We no further comment".  The Chinese have taken over!

Tue, 11/19/2013 - 10:53 | Link to Comment aint no fortuna...
aint no fortunate son's picture

all roads lead to the FED, so why don't they just START there?

Tue, 11/19/2013 - 11:16 | Link to Comment Groundhog Day
Groundhog Day's picture

This is just hilarious.  Its a close second to the SEC/DOJ investigating JPM, GS, WFC et al

Tue, 11/19/2013 - 11:40 | Link to Comment OneTinSoldier66
OneTinSoldier66's picture

Faster and Furiouser

Tue, 11/19/2013 - 13:45 | Link to Comment kralizec
kralizec's picture

Dumb and Dumber

Tue, 11/19/2013 - 12:55 | Link to Comment Jumbotron
Jumbotron's picture

Bukkake Circle Jerk

Tue, 11/19/2013 - 10:38 | Link to Comment Oldwood
Oldwood's picture

Yes. It is quite obvious from all reported data that things are getting better every day. Admittedly my personal circumstances appear to be an outlier as my economy and business prospects truly suck, but that can only be due to my own personal failures as recently discovered in a personal investigation of and by myself. All of the negative data that I associate myself with are simply contrived statistics, cherry picked from the otherwise "good" news.

Can I just die now and get it over with?

Tue, 11/19/2013 - 10:59 | Link to Comment RSloane
RSloane's picture

LMAO Fonz. They might as well have hired Tipper Gore to sit in on Kernan's spot. They both have great hair, why not?

Tue, 11/19/2013 - 11:05 | Link to Comment superflex
superflex's picture

Because Fonz says, it must be true.  

/s

Tue, 11/19/2013 - 11:14 | Link to Comment fonzannoon
fonzannoon's picture

Missed sarcasm really validates a post. I junked myself just to give the down movement some momentum.

Tue, 11/19/2013 - 11:23 | Link to Comment replaceme
replaceme's picture

The best satire should generate some anger, well played sir!

Tue, 11/19/2013 - 12:02 | Link to Comment Meat Hammer
Meat Hammer's picture

I sarcastically junked you.

Tue, 11/19/2013 - 12:04 | Link to Comment Nobody For President
Nobody For President's picture

Fonz, you are fuckin' good. Better even than MDB at his prime (early on). I almost bought it, then I went "Oh wait, it's Fonz...".

And downvoting yourself... got to love it. 

Thanks for giving an old man such a laugh (two of them) so early in my morning.

Tue, 11/19/2013 - 14:32 | Link to Comment superflex
superflex's picture

Well played Fonz

Tue, 11/19/2013 - 11:22 | Link to Comment replaceme
replaceme's picture

Please be satire.

Tue, 11/19/2013 - 11:26 | Link to Comment Everybodys All ...
Everybodys All American's picture

1. If CNBC cared about the truth on this matter Jack Welch would have been on the show today.

2. Joe Kernan may think of himself as a conservative but he pales in comparison to the many that I've known. These are people who all believe in simply telling the truth no matter the consequences.

3. Btw the propaganda machine at CNBC gets it's talking points directly from the WH and those that don't recognize this are simply unwilling to see the obvious.

 

Tue, 11/19/2013 - 12:07 | Link to Comment ugmug
ugmug's picture

You sound kinda muffled...take your head out of your ass before you watch CNBC ever again........

 

 

Tue, 11/19/2013 - 10:27 | Link to Comment djsmps
djsmps's picture

Government investigation of government proves there was no wrong-doing by government.

Tue, 11/19/2013 - 10:30 | Link to Comment Big Brother
Big Brother's picture

If the government likes its government, it can keep its government.

Tue, 11/19/2013 - 11:01 | Link to Comment Sockeye
Sockeye's picture

That statement pretty much covers it all, thank you!

Tue, 11/19/2013 - 10:46 | Link to Comment Chump
Chump's picture

I wish I could rob banks while my wife was in charge of the investigations...

Tue, 11/19/2013 - 11:38 | Link to Comment detached.amusement
detached.amusement's picture

Penn State got the entire idea of the Sandusky/Mann treatment from the .gov

Tue, 11/19/2013 - 10:29 | Link to Comment Sudden Debt
Sudden Debt's picture

WE CHECKED...

LIKE ALL DAY...

AND IT'S PRETTY CLEAR...

WE DIDN'T DO ANYTHING WRONG ACCORDING TO OUR OWN STANDARDS...

 

MONKEY NO SEE MONKEY NO DO SO MONKEY ALL CLEAR!

 

 

Tue, 11/19/2013 - 10:49 | Link to Comment semperfi
semperfi's picture

... AND WE MAKE UP THE RULES AS SUITS US ANYWAY - AND YOU CAN'T DO JACK-SHIT ABOUT IT ASSHOLE - SO FUCK OFF

Tue, 11/19/2013 - 10:27 | Link to Comment mofreedom
mofreedom's picture

The lying liar lied more than once?

Tue, 11/19/2013 - 10:27 | Link to Comment Cdad
Cdad's picture

"But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security."

Tue, 11/19/2013 - 10:47 | Link to Comment Cdad
Cdad's picture

Well...it is encouraging to see that the US Declaration of Independence can muster three up votes.

Tue, 11/19/2013 - 10:54 | Link to Comment Hulk
Hulk's picture

Give it time

Tue, 11/19/2013 - 12:26 | Link to Comment Blano
Blano's picture

Patience young Jedi.

Tue, 11/19/2013 - 10:28 | Link to Comment EscapeKey
EscapeKey's picture

The government will ultimately find, that the government did not artificially aid the government in getting re-elected. Also, the government will ensure further transparency in the future, employing even more mirrors to attempt to block visibility. Ehm, I mean ensure transparency.

Tue, 11/19/2013 - 11:02 | Link to Comment RSloane
RSloane's picture

Jesus God is that the truth, EK. +100 if I could.

Tue, 11/19/2013 - 10:30 | Link to Comment IndyPat
IndyPat's picture

Makes total sense. They'll have this misunderstanding sorted out in no time.

Tue, 11/19/2013 - 10:31 | Link to Comment ronincap
ronincap's picture

Obama will go down in the history books as the dirtiest most incompetent US president ever!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

OBAMA=MADURO = horse shit

Tue, 11/19/2013 - 10:39 | Link to Comment orangedrinkandchips
orangedrinkandchips's picture

what the fuck do you expect from a gangsta street thug??

Tue, 11/19/2013 - 10:41 | Link to Comment Oldwood
Oldwood's picture

Bring Sarin gas to a knife fight?

Tue, 11/19/2013 - 10:52 | Link to Comment Dr. Engali
Dr. Engali's picture

I disagree. When his stated goals are to fundamentally transform America, he gas proven to be very successful. Let's be honest, nobody could blunder this much on accident. Nobody can tell me tha an entity with unlimited resources can bungle his signature achievement like they have his healthcare initiative. This is all part if the plan.

Tue, 11/19/2013 - 11:04 | Link to Comment RSloane
RSloane's picture

You might have to face the fact that yes, they are as stupid as they appear to be. In which other country would lawmakers stand up and applaud themselves for passing a bill that none of them read?

Tue, 11/19/2013 - 11:40 | Link to Comment detached.amusement
detached.amusement's picture

Why, any country that doesnt want or need its representation to be informed, much less have their voters informed, about what goes on behind the curtain.

Tue, 11/19/2013 - 12:03 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

"Yes" indeed they are as stupid as they appear to be...

And the most remarkable thing of all is that this Nation of voters knew how bad he was in his first term which included a deteriorating job market, moar invasions and occupations abroad and a left hand (with pinky swear) signature to "still be" after the NDAA the most transparent Presidency in the history of this Nation and what did we Do???

Demanded a second helping!

 

Tue, 11/19/2013 - 12:07 | Link to Comment Nobody For President
Nobody For President's picture

Actually, I voted for myself...

Tue, 11/19/2013 - 13:01 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

Actually, I think that's how we end up changing this from a Republic to a traditional Democracy.

I think the Framers were crossing there fingers on the pros and cons of that defect as well?...

Tue, 11/19/2013 - 12:59 | Link to Comment TheReplacement
TheReplacement's picture

Dirtiest, sure.  Most incompetent, maybe, maybe not.  You have to consider his intentions.  If his intentions are for the best for all Americans then yes, he is incompetent.  If his intentions are not for the best but perhaps something less of a happy ending for all Americans then no, not incompetent.

Perspective and intentions matter.  If I had to pick, I'd say he is pretty competent.  We'll find out exactly how compentent in 2017 when he is supposed to hand over the office to a successor.  If that happens, incompentent.  If it doesn't happen, totally competent.  Do you get it?

Tue, 11/19/2013 - 10:32 | Link to Comment Downtoolong
Downtoolong's picture

Half of all government spending goes to pay interest on the debt.

Half of the other half goes to investigating why the other half of the other half was spent on things that went wrong or didn’t work.

Tue, 11/19/2013 - 10:32 | Link to Comment grunk
grunk's picture

It's only news when the government isn't lying.

Tue, 11/19/2013 - 10:33 | Link to Comment Ness.
Ness.'s picture

This is like the when the OIA investigated tortured "confessions" of the Chicago Police Dept. in the 1980's-90's.  Cops investigating cops.  Shocked they never found any wrong doing //sarc.

 

Reminds me of this old CPD joke.  "How many cops does it take to push a man down a stairwell?.. none, he fell?

 

Nothing to see here - move along.  Hey, Jack Lew is talking, shhh, let's listen in...

Tue, 11/19/2013 - 12:10 | Link to Comment Nobody For President
Nobody For President's picture

And the new San Francisco joke: "How many cops does it take to not find the body in the stairwell?"

Answer: All of them.

http://www.sfgate.com/bayarea/article/Report-of-stairwell-body-witness-disputed-4955353.php

Tue, 11/19/2013 - 10:33 | Link to Comment Critical Path
Critical Path's picture

We've all seen this story before. *SPOILER ALERT*:

4 years from now... "After an exhaustive investigation, our findings indicate there was no wrong doing... bla bla bla"

Tue, 11/19/2013 - 10:34 | Link to Comment pods
pods's picture

Why do we even need the government?  

Tue, 11/19/2013 - 10:41 | Link to Comment Dr. Engali
Dr. Engali's picture

To keep us safe from ourselves.

Tue, 11/19/2013 - 10:42 | Link to Comment mofreedom
mofreedom's picture

I asked that of a former trader one day, why we need the gub to do all these ecomonic surveys and his response:  impartiality.

Tue, 11/19/2013 - 10:42 | Link to Comment Oldwood
Oldwood's picture

Why do we need to vote?

Tue, 11/19/2013 - 10:46 | Link to Comment pods
pods's picture

That's easy. To lend legitimacy to the government and keep you from asking the question I just did.

If you vote, you at least admit the system is viable, if not just.  

So those who vote agree that you should be able to put a gun to someone's head to make them do something.  They just disagree on what you should make them do.

pods

Tue, 11/19/2013 - 11:00 | Link to Comment Oldwood
Oldwood's picture

But we are too stupid to make enlightened choices for they have repeatedly told us so by insisting we have not the skills, intelligence our willingness to pursue our own well being. How can our votes have any meaning under those circumstances as anything we would willing vote for MUST be BAD or would wouldn't really need them, now would we? And given general public opinion, they cannot be concerned in anyway with what we think. I'm pretty sure every time I see them speak they are flippin me the bird.

Tue, 11/19/2013 - 10:40 | Link to Comment LawsofPhysics
LawsofPhysics's picture

No conflict of interest there

/s

Good thing we have those bank "stress" tests too.

Long physical gold for savings.

long bitcoin for transactions.

sell all paper.

Tue, 11/19/2013 - 10:48 | Link to Comment GolfHatesMe
GolfHatesMe's picture

And the Sig Tarp reports that actually do show the corruption are a little frustrating to read.  Holder is at the ready....

Tue, 11/19/2013 - 10:37 | Link to Comment orangedrinkandchips
orangedrinkandchips's picture

MUCH LIKE THE IDIOTS SEX GUIDE:

 

(PENIS PIC) (VAGINA PIC)

 

-------> 

<-------

 

REPEAT IF NECESSARY

Tue, 11/19/2013 - 10:38 | Link to Comment Johnbrown
Johnbrown's picture

Open season on Obama.

The Israelis are mad.

Tue, 11/19/2013 - 10:38 | Link to Comment the not so migh...
the not so mighty maximiza's picture

its too late, no country on earth belives anythig the us goverment says now.  

Tue, 11/19/2013 - 10:43 | Link to Comment Oldwood
Oldwood's picture

They only believed before because it was in their interest. Now they aren't so sure.

Tue, 11/19/2013 - 10:39 | Link to Comment Dr. Engali
Dr. Engali's picture

This is like the CFTC investigating Gold and Silver's manipulation. I'm sure they will come to the same conclusion, no manipulation of data discovered.

Tue, 11/19/2013 - 10:46 | Link to Comment Oldwood
Oldwood's picture

It was only that they unfortunately misspoke untruths. It wasn't a lie or politically calculated manipulation. That would infer corruption which cannot happen in the most open and transparent administration in history....and that's a fact!

Tue, 11/19/2013 - 10:48 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Unless I a missing something in this circle jerk doesn't the head of the Commerce Department have to report directly to the White House just like the head of the BS did back in 2012? Not just the head but the head who in charge of putting together the employment numbers. I need to look it up but they had to turn the reports in to the White House for approval first before their boss at the BS could read it. It is out there in the memory hole...

You know where this investigation is going.

 

Tue, 11/19/2013 - 10:40 | Link to Comment SheepDog-One
SheepDog-One's picture

'We no further comment.....BTW, u got insurence, bro?'

Tue, 11/19/2013 - 10:43 | Link to Comment IridiumRebel
IridiumRebel's picture

Yes! Another investigation followed by a special committee betwixt steaks and champagne! This will get to the bottom of this! I feel so much better now.

Tue, 11/19/2013 - 10:44 | Link to Comment Sufiy
Sufiy's picture


The real picture is so different, from shadowstatistics.com

Gold Catalyst - John Williams: Very Serious Trouble in this Next Year - Weaker Dollar and Hyperinflation

http://sufiy.blogspot.co.uk/2013/10/gold-catalyst-john-williams-very.html#

Tue, 11/19/2013 - 10:46 | Link to Comment semperfi
semperfi's picture

The faster the whole beltway is ring-fenced and burned to the ground the better

Tue, 11/19/2013 - 10:48 | Link to Comment Oldwood
Oldwood's picture

Oh, Its ring fenced... to keep us out, and guess who will be fed to the fires of which you speak?

Tue, 11/19/2013 - 14:40 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Make sure you also have enough people waiting at the exits to shoot the rats trying to scurry out through the underground tunnel system they use to get out of town without being seen.

Tue, 11/19/2013 - 10:47 | Link to Comment orangegeek
orangegeek's picture

who fucking cares - this shit rolls out a year later - whatever

 

more gubermint rot

Tue, 11/19/2013 - 10:51 | Link to Comment Oldwood
Oldwood's picture

Getting caught only has relevance if it had defeated the desired results. As we see, it was a big WIN for them. Investigations of their corruption are worn like a badge of honor. They parade before cameras to rub it in, with their little sycophant "media" tossing flower petals in their path.

Tue, 11/19/2013 - 10:54 | Link to Comment alfred b.
alfred b.'s picture

Let's stir things up a little bit....let the SHTF

ROB FORD FOR PRESIDENT

 

 

Tue, 11/19/2013 - 10:52 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

Fake jobs report?!!!

So whats the big deal when the DoD can lose $8.5 trillion over 16 years?

Tue, 11/19/2013 - 10:56 | Link to Comment alfred b.
alfred b.'s picture

 

    U probably mean the DOO (dept of Offense)....lol

 

Tue, 11/19/2013 - 11:19 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

You said a mouthful.

For the last 21 years since we won the "Cold War" by outspending our so-called adversaries we've done the exact opposite of anything and everything that has to do with a defensive military posture, including keeping the NATO alliance intact at a greater expense both in terms of lives and money ever since.

It's why the Russians get such a chuckle out of watching Washington continue to burn through there purse strings over a military budget that is hopelessly delusional and myopic.

Imagine where this Country would be right now 16 years later with $8.5 trillion dollars in taxpayer money in programs other than defense spending?

 

Tue, 11/19/2013 - 12:15 | Link to Comment Nobody For President
Nobody For President's picture

Shoot, imagaine where this country would be 16 years later if that $8.5 trillion had never left the taxpayer's pocket?

Tue, 11/19/2013 - 11:03 | Link to Comment Oldwood
Oldwood's picture

Its like we are watching a preformance billed as a "magic" show and yet leave the theater believing we may have actually witnessed magic. So many just want to "believe".

Tue, 11/19/2013 - 10:54 | Link to Comment asscannon101
asscannon101's picture

In cases of ethical malfeasance like this, regaining the public trust is is of paramount importance- especially for The Most Transparent Administration In History. As a result, this investigation and its results will be overseen and certified by The Honorable Jon Corzine.

Tue, 11/19/2013 - 10:54 | Link to Comment Last of the Mid...
Last of the Middle Class's picture

I'm going to need a web page devoted to ongoing investigations into the Obama administration. I'm running out of fingers and toes. Where the hell are all the activists of the 70's? My current theory is that the more people in a country the dumber it gets which logarithmically increases the chance of "captured" economy and government. Somewhere somehow that massive engorged tumor of government feeding on us is going to pop. Not going to be pretty. Was thinking of a word the other day. YUPPIE!!! Wow, haven't heard that in forever. Gone with the wind I suppose. Irony intended

Tue, 11/19/2013 - 10:59 | Link to Comment orangedrinkandchips
orangedrinkandchips's picture

whew! THAT was close! (relief)......THOUGHT THEY WERE MANIPULATING MORE THAN THE BLS NUMBERS....

 

WHEW.....CLOSE ONE! lol.....(100% sarcasm in case you missed it)

Tue, 11/19/2013 - 11:00 | Link to Comment Save_America1st
Save_America1st's picture

LOL!!!  The ULTIMATE of "nothing to see here folks...move along" reports! LOL!!!

I'm sure they'll need to form a "committee" and appropriate dozens of assistants and millions of dollars to investigate themselves too.  What a fucking goat rope.

Tue, 11/19/2013 - 11:02 | Link to Comment yogibear
yogibear's picture

LOL, another dog and pony show which goes nowhere.

Like Corzine's hearings.

All to pacify the masses. The criminals are in charge.

How is prosecution of the banksters for mortgage fraud going? 

Tue, 11/19/2013 - 11:08 | Link to Comment Killer the Buzzard
Killer the Buzzard's picture

The U.S. has no right to criticize China over their economic "numbers".

Tue, 11/19/2013 - 11:19 | Link to Comment alfred b.
alfred b.'s picture

 

   Gov't to investigate......LOLLLLL

 

Tue, 11/19/2013 - 11:22 | Link to Comment Save_America1st
Save_America1st's picture

@Killer the Buzzard

That might be true...I'm sure they learned they "funny accounting" methods from Turbo Tax Tim-Tim-Timmay Geithner.  But that don't make it right.

Every country and every corporation and every bank and every mother fucker in this world are lying their asses off anyway, right? 

So why should any of them care when it's the citizens who always get stuck with the losses and debt in the end.

Kick the can down the road baby...blame the other guys...blame the weather...blame Comet ISON...blame George Washington.

It's always someone or something else's fault.  The name of the game...

Tue, 11/19/2013 - 11:35 | Link to Comment Spankrupt
Spankrupt's picture

The jobs number will end up being better after the "investigation" has concluded.

Tue, 11/19/2013 - 11:43 | Link to Comment RazvanM
RazvanM's picture

What if this fraud was enough to give the electoral victory to Obama?

Tue, 11/19/2013 - 12:06 | Link to Comment Dr. Engali
Dr. Engali's picture

What difference does it make? His whole presidency is a fraud.

Tue, 11/19/2013 - 12:44 | Link to Comment pitchpole
pitchpole's picture

LOL, now thats funny.

What if he was born in Keyna.

What if he intentionally let 4 americans die in Libyia

What if he used the IRS to punish dissidents, etc, etc, etc and on and on and on.

Answer: nothing. He is King There is no more bill of rights or constitution. Its all gone.

Tue, 11/19/2013 - 11:57 | Link to Comment QQQBall
QQQBall's picture

Single scapegoat after fake investigations and TeeVee face time - so much time will have past. no one will give a shit  Or maybe Obomber will say he fell and banged his head amd don Magoo galss?

Tue, 11/19/2013 - 12:13 | Link to Comment foodstampbarry
foodstampbarry's picture

As long as the foodstamps get mailed and the handouts continue nothing will change. The isheep are comfortably numb.

Tue, 11/19/2013 - 12:15 | Link to Comment El Hosel
El Hosel's picture

Bart .... " I see nothing" to the rescue.

Tue, 11/19/2013 - 12:19 | Link to Comment Nobody For President
Nobody For President's picture

Should work.

I investigated myself over a bunch of brandy missing from the bottle and found out the damn cat had drunk it.

Scolded cat and closed case.

Tue, 11/19/2013 - 12:34 | Link to Comment rosiescenario
rosiescenario's picture

Did a U.S. newspaper actually have a reporter look into and report on this?

No way.....this must be some plant from the TeaParty....

Tue, 11/19/2013 - 12:37 | Link to Comment pitchpole
pitchpole's picture

In other news, King O secretly signs bill into law making free speech a felony where ever and whenever he chooses.

http://www.youtube.com/watch_popup?v=7SGWH3kirzg&vq=medium

 

Tue, 11/19/2013 - 13:02 | Link to Comment Money 4 Nothing
Money 4 Nothing's picture

Fox meet Henhouse. I say, set up a Commission and get to the bottom of these crazy allegations

 

Tue, 11/19/2013 - 13:02 | Link to Comment q99x2
q99x2's picture

Another one of those banks investigating banks deals.

Tue, 11/19/2013 - 13:15 | Link to Comment Wilcox1
Wilcox1's picture

You would think that an important part of the government could communicate in standard English.

Tue, 11/19/2013 - 14:20 | Link to Comment goldenbuddha454
goldenbuddha454's picture

Gee, that sounds alot like the FED buying the debt of the govt. it serves?

 

Tue, 11/19/2013 - 14:26 | Link to Comment LordAarioc
LordAarioc's picture

Letting the Fox gaurd the Henhouse was exactly what I was going to say. Glad you said it.

Tue, 11/19/2013 - 15:16 | Link to Comment polo007
polo007's picture

http://www.marketwatch.com/story/yellen-defends-qe3-in-letters-to-senators-2013-11-19-1391598

WASHINGTON (MarketWatch) -- A "strong majority" on the Federal Reserve's policy-setting committee believes that the central bank's unprecedented asset purchase programs have been effective, said Janet Yellen, President Barack Obama's nominee to be the first chairwoman of the central bank. In response to a written question from Sen. David Vitter, a Louisiana Republican, Yellen said the benefits of asset purchases continue to outweigh the costs. The letters were released on Tuesday. Yellen repeated the Fed's statement that asset purchases are "not on a preset course" and the decision on whether to reduce the pace of the purchases will remain contingent on the economic outlook and the Fed's assessment of the costs and benefits. In a separate letter to Sen. Elizabeth Warren, a Democrat from Massachusetts, Yellen said that Fed policy would likely remain very easy for a long time after the unemployment rate falls below the central bank's 6.5% interest rate hike threshold.

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